blow-off top stage imoblow-off top stage imo, potential hanging man candle stick pattern. rsi 80s.
can search for "parabolic stock" on google to see what might happen next.
consolidation would be the best thing for this thing to stay up.
Trade ideas
Testing support at bottom of channel AWK had quiet a drop in price over the past two days. However, price is still channel bound and is currently testing the bottom. If price breaks down through blue rectangle, which is bottom of channel and support bu the 50 MA then it will be confirmation that trend is reversing.
AWK: Now this is what we call an uptrendVolume spikes after the inclusion of American Waters into S&P500. A Wyckoff student should expect a retracement at this point. Two key levels are drawn in the chart for a long entry. It must be kept in mind that this is a monthly chart.
American WTR WKS topping? after a bullish run since September AMK seems to be stalling around $69. Bear divergence shown in MACD, RSI, and StockRSI, indicate that this run could be ending soon, and could be the beginning of a tend reversal.
AWK(Daily). Head and Shoulders Top. (Retest).Head and Shoulders Top. (Retest).
Potential bear Flag.
At NeckLine, 200 sma.
RSI at resistance.
Vs S&P500, break Down under uptrend_Line.
Awk, reaching a support areaWell, AWK is in a long uptrend, with the 50 moving average above the 100 EMA. The OBV is in an uptrend also. We do have a positive reversal in the OBV and prices.
We saw a long inferior shadow piercing the 100 EMA.
Above the max of yesterday would be my entry point.With the stop beneath the last minimal price of the last two days. My target is in 56,25.
AWK broken above November highAWK has been trending nicely on the weekly chart since the beginning of 2014. But on the daily chart there were two deep pullbacks (in August and October) which, although just within the bounds of acceptable, would've meant several months of little real profit.
However the overall trend is up - with higher highs and higher lows, so if you are comfortable holding a position for the longer-term this is not a bad stock. Volume is on the low side, but not excessively so.
